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Marigold Industries had the following inventory transactions occur during 2018: Units 51 2/1/18 Purchase 3/14/18 Purchase 5/1/18 Purchase Cost/unit $46 $49 $53 98 68 The

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Marigold Industries had the following inventory transactions occur during 2018: Units 51 2/1/18 Purchase 3/14/18 Purchase 5/1/18 Purchase Cost/unit $46 $49 $53 98 68 The company sold 147 units at $70 each and has a tax rate of 40%. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO?(rounded to whole dollars) $6445. $6679. $2815. O $3049

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